In 2015 Metinvest received $1 billion of net losses, while in 2014 it got $159 million of net profits.
According to the company statement, the negative financial results are connected with the drop in revenues, depreciation of trade and other accounts receivable, as well as the decrease of profits due to exchange rate differences.
“These factors have been partially compensated by the decrease in prime cost of products sold, distribution and administrative expenses”, said the company. (Ukrainian metal)
